Renderings of One Ladybird Lake and 901 South Congress illustrate Austin’s offices of the future.
Related Companies today announces two category defying, Class-A commercial office buildings in Austin, TX that will introduce a new class of luxury workspace to the city’s growing office market. Marked by Related’s signature amenity-driven design, hospitality services and commitment to sustainability, One Ladybird Lake and 901 South Congress will enhance Austin’s office environment to ensure the city’s growing roster of leading companies continually attract the nation’s top talent.
“Related’s office developments are the model of modern workplaces with world-class amenities that engage and attract the best talent,” said Jeff T. Blau, CEO of Related Companies. “We’re thrilled to be a part of the fabric of Austin and contribute to the growing roster of leading companies that call this incredible city home.”
“Leading companies in every sector, many of them already Related tenants in other markets, are increasingly establishing and expanding their presence in Austin to capitalize on the talent migration to America’s fastest growing city. The time is right for a new class of luxury office space that supports the city’s world-class workforce,” said Mike Iannacone, executive vice president, Related Companies. “We are proud to be building for the future of Austin’s office market, combining our most advanced technology, hospitality and wellness services with our most environmentally conscious designs to deliver best-in-class workplaces.”
Related’s inaugural commercial office projects in Austin include:
One Ladybird Lake
One Ladybird Lake, a joint venture partnership with Christopher Investment Company (CIC), will sit on 750 feet of downtown waterfront property, making it the first commercial office on the lake, and offering tenants one-of-a-kind access to the outdoors.
Designed by KPF, and developed in partnership with Austin-based Christopher Investments, the 15-story building will offer 475,000 square feet of flexible, open plan commercial office space and 16,700 square feet of retail space on the ground level. The building’s unique design will feature four large wrap-around terraces and a penthouse bar fostering collaboration indoors and out. Construction is expected to begin in late 2023 with an estimated grand opening in 2025.
“One Ladybird Lake will be an iconic project that redefines the Austin skyline. The unique location and the world-class amenities will allow tenants access to the best of what our great city offers,” said Greg Christopher, CEO of Christopher Investment Company.
Anticipated LEED Platinum, this all-electric building is expected to be 30% more energy efficient than traditional buildings. It will feature a green roof with solar panels, and bee boxes to support local pollinators. Smart technology will be infused throughout the building including biometric entry and mobile apps to call the elevators.
Easily accessible by bike path, public transportation and within a 20 minute drive of numerous local landmarks and residential areas, One Ladybird Lake will be equipped with private porte-cochère, on-site valet services, parking spots and front-of-house facilities for bicycle commuters. For more information, please visit oneladybirdlake.com.
901 South Congress
901 South Congress will offer a boutique luxury office environment in the center of Austin’s most vibrant and sought-after lifestyle district.
Designed by Gensler, the five story, 106,854-square-foot luxury building will feature flexible, open plan layouts with expansive outdoor terraces on every floor. The ground floor will also have space for a retail or restaurant tenant. Construction will begin later this year and the building is expected to be completed in 2024.
This will be Related’s first-ever sustainably forested mass-timber construction, generating 40% less carbon than traditional construction and saving 20 tons of CO2 from being emitted into the atmosphere. Timber construction has also been associated with numerous wellness benefits and as much as a 15% increase in productivity. Advantages of timber include: natural acoustic properties that dampen ambient sound, improved indoor air quality by moderating humidity and numerous positive physical and mental health phenomena associated with being surrounded by natural materials, ranging from reduced blood pressure to lower reported stress levels.
Located within a five-minute drive of the South Congress District’s 79 bars and restaurants, 7 live music venues and 16 hotels, 901 South Congress will offer employees unrivaled access to Austin’s entertainment district. The property features 251 parking spots and is conveniently located just off Route 35 and 15 minutes from the airport. It is also accessible by 20 bike paths and nearby Capmetro bus stops.
Related’s expansion into Class-A commercial office builds on the company’s history developing affordable housing in the area. As the largest owner and preserver of affordable housing in the nation, Related now owns and manages hundreds of affordable units in Austin and the surrounding areas.
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About Related Companies:
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisition, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, West Palm Beach, Miami, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Square in Downtown West Palm Beach, The Grand LA and Related Santa Clara in California and The 78 in Chicago. Related was named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com.
